top of page

Mosman's Farmout Agreement for EP(A)155 in the Amadeus Basin, NT

Mosman Oil and Gas, through its subsidiary Oilco, entered into a Farmout Agreement with Westmarket Oil & Gas, gaining a 25% interest in the prospective EP(A)155 (Mount Winter) located in Australia's Northern Amadeus Basin. Under the agreement, Westmarket is tasked with conducting seismic reprocessing, a gravity survey, and a seismic survey to earn a 75% working interest, with Mosman eligible to increase its stake by 10% if the drilling of a well leads to production. The deal also includes financial considerations for past costs and ongoing technical work, with termination rights if the Farm-in conditions or interest transfer are not met within specified timeframes.

Want to read more?

Subscribe to akapenergy.com to keep reading this exclusive post.

Recent Posts

See All

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
bottom of page